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Mcq
Direct Taxation
answered on 29-May-21 07:16
Explain this q.no:21,I cannot get this
latest answer
Thnakyou sir
Sathiya Bama
CA Final
★ 24K+
4
647
Claim for loss of profit
Accountancy
answered on 27-May-21 11:27
Entity following calendar year. trend adjusting FY basis why? Anyone please (insurance claims) in respect of short sales calculations we adding trend on standard sales(corresponding PY sale)
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Thank you sirð?¤?
Krishna kumar
CA Final
★ 9K+
3
478
PGBP
Direct Taxation
answered on 28-May-21 07:36
Looking into sec.28(VIa), Closing stock conversion to capital assets comes under the head of PGBP. Understand the logic, the stock is reduced then GP and NP are also going to less. But how the tax effect relating to the conversion is applied in the financials.
latest answer
Taxation is different and preparation of financial statements are different. You will learn it in accountancy. As per Income tax, if any stock in trade is converted into capital asset, it is charged under PGBP
Balamurali Unnithan M S
CA Inter
★ 3K+
1
701
PGBP
Direct Taxation
answered on 26-May-21 21:07
All payments made to the firm on behalf of partners is treated as Business income of the partners? Eg, Salary, Interest, Remuneration etc.?
latest answer
Okay, Sir. Simply a partner cannot be an employee?
Balamurali Unnithan M S
CA Inter
★ 3K+
11
558
General Query.
Others
answered on 26-May-21 19:22
If a businessman receives a payment voluntary not related to the business, it can be taxed u/s 28 -PGBP or u/s 56 IFOS?
latest answer
Ok.Sir.
Balamurali Unnithan M S
CA Inter
★ 3K+
2
557
SEC 144
Corporate & Other Laws
answered on 27-May-21 10:32
Can partners of the auditor can provide specified services under section 144 to the company or it's holding or its subsidiary
latest answer
No. Explanation to the section states that the term 'directly or indirectly' shall include in case of auditor being a firm, rendering of services by the auditor either itself or through any of its partners or through its parent, subsidiary or associate entity or through any other entity, whatsoever, in which the firm or any partner of the firm has significant influence or control, or whose name or trade mark or brand is used by the firm or any of its partners.
Paidala Harish
CA Final
★ 2K+
1
590
Markets
Economics
answered on 26-May-21 16:51
Are toothpaste industry Oligopoly or Monopolistic competition markets.
latest answer
Monopolistic competition
Sonu R
CA Inter
★ 8K+
1
575
AS-2 OTHER COST
Accountancy
answered on 26-May-21 15:12
I couldn't understand concept of the topic "other cost"
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Ohh okay â?ºï¸?ð??? thankyou
AbithaSuku S R
CA Inter
★ 2K+
4
587
Doubt
Corporate & Other Laws
answered on 26-May-21 17:16
What is Companies Amendment Ordinance?
latest answer
Thank you Suraj sir ð???
Priyanka Udeshi
CFA L1
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6
673
Salary
Direct Taxation
answered on 29-May-21 08:01
Can help to solve this
latest answer
Yes. Section 69A Where in any financial year the assessee is found to be the owner of any money, bullion, jewellery or other valuable article and such money, bullion, jewellery or valuable article is not recorded in the books of account, if any, maintained by him for any source of income, and the assessee offers no explanation about the nature and source of acquisition of the money, bullion, jewellery or other valuable article, or the explanation offered by him is not, in the opinion of the Assessing Officer, satisfactory, the money and the value of the bullion, jewellery or other valuable article may be deemed to be the income of the assessee for such financial year.
Sultana Sultana
CA Inter
★ 245
11
783